| FAS latest price $38.0800 (3.79%) ($36.0450 - $38.1300) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.83% (three month average) |
RSI | 75 |
Latest Price | $38.0800(3.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 1.7% a day on average for past five trading days. |
Weekly Trend | FAS advances 2.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FAS advance at 0% a week (0% probability) IWD(93%) IVE(91%) DIA(88%) SDY(86%) IWN(85%) |
Factors Impacting FAS price | FAS will decline at least -2.915% in a week (0% probabilities). VIXM(-48%) UUP(-26%) VXX(-16%) TLT(-14%) SHY(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.915% (StdDev 5.83%) |
Hourly BBV | 2.5 () |
Intraday Trend | 4.5% |
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